The global agricultural inoculants market size reached US$ 492.2 Million in 2023. Looking forward, the market is projected to reach US$ 859.5 Million by 2032, exhibiting a growth rate (CAGR) of 6.39% during 2023-2032.
An agricultural inoculant, or soil inoculant, is a formulation of various microbial organisms, such as bacteria, fungi, protozoa, virus and algae, that are used to promote plant growth. It is either applied on the seed or added into the soil to improve plant nutrition, crop yield and prevent soil-borne diseases. It is also utilized to promote growth in plants by stimulating the production of plant hormones and enhancing mineral uptake. Inoculants are environment-friendly and can be used as a potential alternative to chemical fertilizers and pesticides for cereals, grains, oilseeds, fruits, vegetables and silage and forage crops.
The growing agriculture industry, along with the increasing adoption of organic farming practices, represent as the key factors driving the market growth. Owing to the growing concerns for agricultural sustainability, soil health and environmental safety, agricultural inoculants are rapidly being used along with organic manure to improve soil fertility and plant health. Furthermore, increasing consumer awareness regarding adverse effects of chemically synthesized fertilizers and pesticides is also providing a boost to the market growth. The artificial additives are known to cause microbial imbalance, soil pollution and reduce the levels of biocontrol agents in the soil.
As a result, there is a growing preference for agricultural inoculants that provide natural protection to the plants and soil. Additionally, the rising demand for food as a result of the increasing population, coupled with the limited availability of cultivable land, is another factor favoring the market growth. Agricultural inoculants aid in increasing crop yield, thus meeting the steadily rising food demand across the globe. Other factors, including various innovations in the field of agricultural sciences and the implementation of favorable government policies, are projected to drive the market further.
2. What is the expected growth rate of the global agricultural inoculants market during 2024-2032?
3. What are the key factors driving the global agricultural inoculants market?
4. What has been the impact of COVID-19 on the global agricultural inoculants market?
5. What is the breakup of the global agricultural inoculants market based on the type?
6. What is the breakup of the global agricultural inoculants market based on the microbes?
7. What is the breakup of the global agricultural inoculants market based on the mode of application?
8. What is the breakup of the global agricultural inoculants market based on the form?
9. What is the breakup of the global agricultural inoculants market based on the crop type?
10. What are the key regions in the global agricultural inoculants market?
11. Who are the key players/companies in the global agricultural inoculants market?
An agricultural inoculant, or soil inoculant, is a formulation of various microbial organisms, such as bacteria, fungi, protozoa, virus and algae, that are used to promote plant growth. It is either applied on the seed or added into the soil to improve plant nutrition, crop yield and prevent soil-borne diseases. It is also utilized to promote growth in plants by stimulating the production of plant hormones and enhancing mineral uptake. Inoculants are environment-friendly and can be used as a potential alternative to chemical fertilizers and pesticides for cereals, grains, oilseeds, fruits, vegetables and silage and forage crops.
The growing agriculture industry, along with the increasing adoption of organic farming practices, represent as the key factors driving the market growth. Owing to the growing concerns for agricultural sustainability, soil health and environmental safety, agricultural inoculants are rapidly being used along with organic manure to improve soil fertility and plant health. Furthermore, increasing consumer awareness regarding adverse effects of chemically synthesized fertilizers and pesticides is also providing a boost to the market growth. The artificial additives are known to cause microbial imbalance, soil pollution and reduce the levels of biocontrol agents in the soil.
As a result, there is a growing preference for agricultural inoculants that provide natural protection to the plants and soil. Additionally, the rising demand for food as a result of the increasing population, coupled with the limited availability of cultivable land, is another factor favoring the market growth. Agricultural inoculants aid in increasing crop yield, thus meeting the steadily rising food demand across the globe. Other factors, including various innovations in the field of agricultural sciences and the implementation of favorable government policies, are projected to drive the market further.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global agricultural inoculants market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, microbes, mode of application, form and crop type.Breakup by Type:
- Plant Growth Promoting Microorganisms
- Bio-Control Agents
- Plant-Resistant Stimulants
- Others
Breakup by Microbes:
- Bacteria
- Rhizobacteria
- Nitrogen-fixing Bacteria
- Phosphate-Solubilizing Bacteria
- Others
- Fungi
- Trichoderma Spp.
- Mycorrhiza
- Others
- Others
Breakup by Mode of Application:
- Seed Inoculation
- Soil Inoculation
- Others
Breakup by Form:
- Solid
- Liquid
- Granular
- Others
Breakup by Crop Type:
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Peru
- Others
- Middle East and Africa
- Turkey
- Saudi Arabia
- Iran
- United Arab Emirates
- Others
Competitive Landscape
The competitive landscape of the industry has also been examined with some of the key players being Advanced Biological Marketing Inc., BASF SE, Dow Chemical Company, Bayer Crop Science, Brettyoung, Novozymes A/S, Verdesian Life Sciences LLC, XiteBio Technologies Inc., Precision Laboratories LLC, etc.Key Questions Answered in This Report
1. What was the size of the global agricultural inoculants market in 2023?2. What is the expected growth rate of the global agricultural inoculants market during 2024-2032?
3. What are the key factors driving the global agricultural inoculants market?
4. What has been the impact of COVID-19 on the global agricultural inoculants market?
5. What is the breakup of the global agricultural inoculants market based on the type?
6. What is the breakup of the global agricultural inoculants market based on the microbes?
7. What is the breakup of the global agricultural inoculants market based on the mode of application?
8. What is the breakup of the global agricultural inoculants market based on the form?
9. What is the breakup of the global agricultural inoculants market based on the crop type?
10. What are the key regions in the global agricultural inoculants market?
11. Who are the key players/companies in the global agricultural inoculants market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Agricultural Inoculants Market
6 Market Breakup by Type
7 Market Breakup by Microbes
8 Market Breakup by Mode of Application
9 Market Breakup by Form
10 Market Breakup by Crop Type
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Advanced Biological Marketing Inc.
- BASF SE
- Dow Chemical Company
- Bayer Crop Science
- Brettyoung
- Novozymes A/S
- Verdesian Life Sciences LLC
- XiteBio Technologies Inc.
- Precision Laboratories LLC
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 134 |
Published | April 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 492.2 Million |
Forecasted Market Value ( USD | $ 859.5 Million |
Compound Annual Growth Rate | 6.3% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |